Range Resources Corp reports results for the quarter ended in September 30 - Earnings Summary

Range Resources

23/10/2024 05:13

* Range Resources Corp  RRC.N  reported quarterly adjusted
earnings of 48 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 46 cents.  The mean expectation of twenty
three analysts for the quarter was for earnings of 38 cents per
share. Wall Street expected results to range from 23 cents to 52
cents per share.
    * Revenue rose 1.2% to $533.28 million from a year ago;
analysts
expected $616.14 million. 
    * Range Resources Corp's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $50.66
million.
    * Range Resources Corp shares had fallen by 2.6% this
quarter and
lost 1.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.5%
in the last three months.​ 
    * In the last 30 days, eleven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 14
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "hold"

Wall Street's median 12-month price target for Range Resources
Corp is 33.50 
This summary was machine generated from LSEG data October 23 at
04:13 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.38           0.48           Beat
 Jun. 30 2024      0.41           0.46           Beat
 Mar. 31 2024      0.57           0.69           Beat
 Dec. 31 2023      0.48           0.63           Beat